TRG Pakistan Limited has informed that it has received an order issued on 10 June 2026 by the United States District Court for the Southern District of New York (SDNY), temporarily restraining its former CEO, Zia Chishti, from initiating or continuing litigation in any jurisdiction based on claims already covered under previously released matters.

The order remains effective until 1 July 2026, while the court seeks additional written submissions from both parties before deciding whether to grant further injunctive relief.

This development follows the SDNY’s 12 May 2026 ruling, which held that any claims brought by Chishti against TRG Pakistan Limited and its affiliates, arising from conduct prior to 10 January 2022 under the Release Agreement, are permanently waived and cannot be pursued in any forum globally.

According to the court, several of these released claims had been the basis of multiple legal proceedings initiated across jurisdictions, including a shareholder oppression petition filed in the Sindh High Court (JCM 12 of 2025). The SDNY also noted that it had previously restrained similar claims raised in U.S. arbitration from being pursued in Pakistani courts, stating that the same legal reasoning applies in the current matter.

TRG Pakistan stated it is reviewing its legal options following the latest order.